DBA vs. SBLK
DBA (Invesco DB Agriculture Fund) is Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index Excess Return, while SBLK (Star Bulk Carriers Corp.) is a stock. Over the past 10 years, DBA returned 4.57%/yr vs 29.20%/yr for SBLK. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
DBA vs. SBLK - Performance Comparison
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Returns By Period
In the year-to-date period, DBA achieves a 7.80% return, which is significantly lower than SBLK's 54.81% return. Over the past 10 years, DBA has underperformed SBLK with an annualized return of 4.57%, while SBLK has yielded a comparatively higher 29.20% annualized return.
DBA
- 1D
- 0.11%
- 1M
- 2.42%
- 6M
- 7.21%
- YTD
- 7.80%
- 1Y
- 10.05%
- 3Y*
- 12.21%
- 5Y*
- 10.82%
- 10Y*
- 4.57%
- ALL TIME*
- 1.46%
SBLK
- 1D
- -1.37%
- 1M
- 15.88%
- 6M
- 29.65%
- YTD
- 54.81%
- 1Y
- 64.26%
- 3Y*
- 25.32%
- 5Y*
- 21.92%
- 10Y*
- 29.20%
- ALL TIME*
- -9.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.27M | $23.75M | $33.82M | |
| $36.73M | $32.98M | $35.30M |
DBA vs. SBLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 7.80% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
SBLK Star Bulk Carriers Corp. | 54.81% | 30.76% | -21.04% | 19.24% | 8.50% | 185.15% | -24.77% | 29.82% | -18.83% | 120.35% |
Correlation
The correlation between DBA and SBLK is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.16 |
The correlation between DBA and SBLK shifts across timeframes, from -0.01 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBA vs. SBLK — Risk / Return Rank
DBA
SBLK
DBA vs. SBLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and Star Bulk Carriers Corp. (SBLK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBA | SBLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 3.69 | -2.53 |
| Martin ratioReturn relative to average drawdown | 2.40 | 9.75 | -7.34 |
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Drawdowns
DBA vs. SBLK - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, smaller than the maximum SBLK drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for DBA and SBLK.
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Drawdown Indicators
| DBA | SBLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.97% | -99.76% | +31.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -17.49% | +8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -48.44% | +36.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -48.44% | +32.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.64% | -73.77% | +38.13% |
Current DrawdownCurrent decline from peak | -24.11% | -93.01% | +68.90% |
Average DrawdownAverage peak-to-trough decline | -40.97% | -82.76% | +41.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 6.61% | -2.42% |
Volatility
DBA vs. SBLK - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 4.72%, while Star Bulk Carriers Corp. (SBLK) has a volatility of 12.52%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than SBLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBA | SBLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 12.52% | -7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 24.80% | -16.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 31.63% | -20.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 42.59% | -28.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 51.77% | -38.72% |
Dividends
DBA vs. SBLK - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.32%, less than SBLK's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.32% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
SBLK Star Bulk Carriers Corp. | 3.58% | 1.56% | 16.72% | 7.38% | 33.80% | 9.93% | 0.57% | 0.42% | 0.00% |
Frequently Asked Questions
DBA and SBLK have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBLK has higher volatility (12.52%) compared to DBA (4.72%). In terms of maximum drawdown, DBA dropped -67.97% vs SBLK's -99.76%.
SBLK currently has the higher Sharpe Ratio (2.04 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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